Lamar: 3Q Earnings Snapshot [FOX News]
Fox Corporation - Class B (FOX)
Last fox corporation - class b earnings: 5/10 04:03 pm
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Source: FOX News
Associated Press BATON ROUGE, La. – BATON ROUGE, La. (AP) _ Lamar Advertising Co. (LAMR) on Thursday reported a key measure of profitability in its third quarter. The real estate investment trust, based in Baton Rouge, Louisiana, said it had funds from operations of $150.1 million, or $1.51 per share, in the period. Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization. The company said it had net income of $94 million, or 95 cents per share. The outdoor and transit advertising company, based in Baton Rouge, Louisiana, posted revenue of $418.5 million in the period. Lamar expects full-year funds from operations in the range of $5.30 to $5.40 per share. The company's shares have climbed slightly more than 8 percent since the beginning of the year. The stock has climbed 4 percent in the last 12 months. _____ This story was generated by Automated Insights using dat
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